Most Popular
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Seoul, Tokyo reboot joint maritime resource talks after 40-year freeze
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Host of Miss Korea apologizes for 'inappropriate question' about deepfake
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Korea to face another massive shortfall in tax revenue
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Who's lying? Hybe vs. Min conflict continues to intensify
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[Contribution] Turkmenistan celebrates the 33rd anniversary of its Independence
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[Photo news] Faker Mercedes
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SK hynix outpaces Samsung, Micron with more powerful AI chips
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Power of nostalgia brings K-pop legends back together
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North Korea unveiling uranium enrichment site a US election-conscious move: NIS
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'Shaman says president will die,' caller warns
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BigBang greets throngs of fans in Japan fan club tour
Korean pop group BigBang closed its Japan fan tour event with impressive numbers, the boy band’s agency said Monday.In the last round of the “Big Bang Fan Club Event - Fantastic Baby 2016” that wrapped up Sunday in Kobe, the five-member act -- G-Dragon, Taeyang, T.O.P, Daesung and Seungri -- threw its first event for its premium fan club “VIP Japan” in two years, YG Entertainment said. Big Bang (YG Entertainment)In the first-tier fan event, Big Bang greeted a total of 280,000 local fans in 27 co
PerformanceMay 30, 2016
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Original ‘Roots’ still fresh and shocking, decades later
“Roots” premiered on ABC in January 1977, just a few months after Alex Haley published the historical novel upon which it was based -- a phenomenon on the back of a phenomenon.Now remade for the flat-screen generations by History, the new version will surely reap the benefits of 40 extra years of technological innovation and historical research. The accuracy of Haley’s own research has been questioned, and in settling a lawsuit, he admitted plagiarizing material from Harold Courlander’s novel “T
TelevisionMay 30, 2016
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Korea Eximbank‘s financial health worsens
The Export-Import Bank of Korea saw its financial health worsen in the first quarter this year because of its heavy exposure to troubled shipbuilders, the financial watchdog said Monday. The capital adequacy ratio of the state-run export agency stood at 9.89 percent as of end-March, dropping below 10 percent-level again in six months. Eximbank headquarters in Seoul (Yonhap)“As the debt restructuring of shipbuilding and shipping industries began in earnest, Korea Eximbank set aside capital and t
May 30, 2016
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KHNP implements new management model
The Korea Hydro & Nuclear Power Co., the nation’s largest power generator under the state-run Korea Electric Power Corp., has successfully implemented a new integrated management model, according to company officials on Sunday. When the KHNP moved its headquarters to Gyeongju, North Gyeongsang Province, early this year, the nuclear operator started to effectively implement a new management model to level itself to international standards. The Shin-Hanul nuclear power plant is under construction
May 30, 2016
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Korea to face volatility on MSCI inclusion of China shares
The second possible inclusion of U.S.-listed Chinese blue chips, including Alibaba and Baidu, into the Morgan Stanley Capital International’s Emerging Markets index on May 31 is expected to trigger capital outflows from Korea’s stock market, analysts warned.With increasing exposure to Chinese tech and consumer heavyweights on the $3.5 trillion global index, institutional investors such as pension funds are bound to realign their equity portfolios to growth stocks such as those from China, the wo
May 30, 2016
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Ssangyong starts shipments of Rexton W SUVs to Peru
PYEONGTAEK, Gyeonggi Province -- About 400 Rexton W -- midsize sport utility vehicle of Ssangyong Motor -- lined up for shipment Monday to Peru’s capital at a pier of Pyeongtaek Port, Gyeonggi Province. Officials from Ssangyong Motor, KOTRA and POSCO Daewoo celebrate the loading of the carmaker’s midsize Rexton SUV-based police cars to the ship heading for Lima, the capital city of Peru, at Pyeongtaek Port, Gyeonggi Province, on Monday. The shipment is part of the carmaker’s supply deal for the
MobilityMay 30, 2016
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Big progress in HMM's charter fee talks: creditor
Heavily indebted shipper Hyundai Merchant Marine has made meaningful progress in its last-ditch negotiations with international ship owners to cut the leasing rates for its chartered ships, its leading creditor said Monday.“Hyundai Merchant Marine has made remarkable progress in its negotiations with overseas ship owners over charter fee readjustment negotiations,” its main creditor Korea Development Bank said in a statement.“They are expected to reach an agreement in the next few days,” it said
May 30, 2016
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Qualcomm creates W57b start-up fund in Korea
Qualcomm Ventures, the investment unit of U.S. chipmaker Qualcomm, said Monday it has created a 57 billion won ($47.8 million) fund to nurture Korean start-ups in the fields of 5G, the Internet of Things, automobiles and other mobile services. The new fund comes as part of the company’s total 100 billion won investment plan into the Korean start-up scene that was announced during CEO Paul Jacob’s Seoul visit in July last year. Qualcomm Ventures vice president Quinn Li (right) and Company K chai
TechnologyMay 30, 2016
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SK Telecom builds first IoT-only network in Daegu
Network operator SK Telecom said Monday that it has completed the installation of Korea’s first network exclusively dedicated to the Internet of Things services across Daegu City.The IoT network, called the long-range wide area network or simply LoRa network, covers the entire city to provide connected services for the public. SK Telecom technicians work on a base station for the long-range wide area network in Daegu City. (SKT)SKT expects the IoT businesses to gain further momentum when the cit
TechnologyMay 30, 2016
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Suspect nabbed in relation to murder of Korean in Philippines
Police said Monday a 25-year-old Filipino has been arrested in connection to the murder of a South Korean missionary in the Southeast Asian country last week, thanks to close collaboration between the law enforcement agencies of the two countries.The Filipino is suspected of killing the 57-year-old man, surnamed Shim, earlier this month. The victim was attacked with a blunt weapon when he returned home from a workout early in the morning.Following the incident, South Korean police immediately di
InternationalMay 30, 2016
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U.N. chief guards against exaggerating his action in Korea
U.N. Secretary-General Ban Ki-moon asked South Koreans Monday to refrain from speculating about whether he will run for president next year, saying the meaning of his six-day stay in the country has been exaggerated.South Korea's former foreign minister said in a press conference after the U.N. Department of Public Information Non-Governmental Organization Conference in Gyeongju, 371 kilometers southeast of Seoul, that talks with senior reporters last Wednesday were a closed door affair and that
PoliticsMay 30, 2016
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Haitai Beverage to expand business into medical and health food
Haitai Beverage, an affiliate of LG Household & Health Care, said Monday that it was changing its name to Haitai htb to reflect its plans to diversify its business operations.The company, which makes drinks like Sunkist, Cocopalm and Sunny10, said that removing the word “Beverage” from its official name signaled its decision to diversify into making medical and health food products. The new logo for Haitai htb (Haitai htb)“We do not have a set date for releasing our new medical products, but we
IndustryMay 30, 2016
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Hiking trail bloodied again
A man claiming to be the murderer of a woman found dead on Suraksan Mountain in Seoul turned himself in on Sunday, 13 hours after the body of a 64-year-old woman was found on the trail. The man, surnamed Kim, 61, turned up at the Seoul Nowon police station around 6:30 p.m. on Sunday and claimed he killed the victim. He said he had no connection to the victim. (Yonhap)Following his directions, police retrieved a 15-centimeter bloodied knife from a mound of trash at a residential area in Sanggye-
Social AffairsMay 30, 2016
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U.N. chief 'baffled' by presidential speculation
U.N. Secretary-General Ban Ki-moon dismissed speculation Monday that he may run for South Korea's presidency next year, saying he plans to concentrate on his duties as U.N. chief.Ban, who is on a six-day visit to his native South Korea, made headlines last week after making remarks that were interpreted as an indication of his interest in the election slated for December 2017."My remarks were somewhat exaggerated and blown up, which baffles me," he said during a press conference at a U.N. confer
PoliticsMay 30, 2016
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NATO military committee chairman visits Korea
The chairman of the Military Committee of the North Atlantic Treaty Organization arrived in South Korea on Monday for a four-day visit which includes a meeting with the chairman of South Korea's Joint Chief of Staff, the military said.Having arrived in Seoul in the morning, Chairman Petr Pavel, who is a Czech army general, will hold a meeting with JCS Chairman Lee Sun-jin later in the day to discuss military cooperation between South Korea and NATO, the JCS said in a press release.During his vis
Foreign AffairsMay 30, 2016
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NH Bank offers customized financial consulting to farmers
Established in 2005, NongHyup Bank’s agriculture financial consulting service has provided assistance to farmers nationwide in analyzing their financial statements to help them effectively manage their income and cash flow.The consulting unit of NH Bank offers 3,226 comprehensive financial services, and has handled more than 3,650 cases involving asset management and consulting. NH Bank’s consultant provides financial consulting to a farmer. (NH Bank)This year, it has set a target of 3,500 compr
May 30, 2016
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U.N. chief urges youth to rise up for global causes
U.N. Secretary-General Ban Ki-moon called on young people around the world Monday to raise their voices in support of global causes, such as climate change and human rights.Speaking in his home country, he especially urged young South Koreans to look beyond their borders and broaden their perspective of the world around them."All youth should raise their voices on climate change and human rights," Ban said in a keynote speech at the opening ceremony of the U.N. Department of Public Information N
PoliticsMay 30, 2016
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N.K. to launch another work-hard campaign in June: Seoul
South Korea's unification ministry said Monday that North Korea appears ready to kick off another campaign designed to push its people to work harder starting in June.North Korean leader Kim Jong-un said that the "200-day campaign of loyalty" will be launched in a bid to implement the five-year strategy of economic development, which he unveiled at the congress of the Workers' Party of Korea in early May, according to the Korean Central News Agency.In February, the North launched the 70-day work
North KoreaMay 30, 2016
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Bank lending rates on household loans decline in April
Bank lending rates on new household loans dropped from a month earlier in April, while interest paid on new deposits remained unchanged, central bank data showed Monday.The average interest rate on fresh household loans extended by local banks came to 3.17 percent last month, down 0.07 percentage points from the previous month, according to the Bank of Korea.The drop followed two consecutive months of increase and came ahead of what many believe to be an imminent U.S. rate hike in June that coul
May 30, 2016
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Korea to hand down fashion know-how to Indonesia
A workshop to transfer South Korea's fashion know-how to Indonesia will be held in the Southeast Asian nation this week, one of the event's co-organizers said Monday. The Seoul-based ASEAN-Korea Center said it will co-host the event with Indonesia's trade ministry. The ASEAN-Korea Center was launched by South Korea and the 10-member Association of Southeast Asian Nations) in March 2009 to promote trade, investment, tourism and cultural exchanges between them.A group of South Korean fashion exper
IndustryMay 30, 2016